Glasgow-based Beeks Financial Cloud Group plc, a cloud computing and connectivity provider for international financial markets, has announced more contract wins.

Beeks unveiled a £1.9 million proximity cloud win with major South African bank and £2 million extension with large foreign exvcange (FX) broker.

“As with the contracts announced last week, revenue from both contracts is expected to commence in H2 FY26, further underpinning the board’s FY26 expectations …” said the firm.

“The contract with the South African bank has an initial aggregate value of c.£1.9 million over five years with the potential for further expansion.

“The bank is a major user of the Johannesburg Stock Exchange’s (JSE) Colo 2.0 service, which is delivered through the Beeks Exchange Cloud offering, and is additionally deploying Proximity Cloud outside of South Africa in two London locations, with the onboarding process underway.

“This win underlines the upsell potential afforded by each Exchange Cloud installation, which showcase Beeks’ scalable and high performance infrastructure to multiple customers of each exchange …

“Further to the extension announced on 3 December 2025, Beeks has signed an additional £2m extension to the Proximity Cloud contract with the same large FX broker, bringing the total contract to £6m over five years.”

Beeks CEO Gordon McArthur said: “We continue to see strong sales momentum as financial services organisations accelerate their cloud strategies.

“The South African bank win demonstrates the major upsell potential of our Exchange Cloud engagements, providing financial institutions with the confidence to adopt our scalable and secure cloud environments in additional locations.

“Meanwhile, the rate at which we have expanded with the FX broker and the considerable total contract value, demonstrates the size of expansion opportunity when dealing with major organisations. We continue to look to the future with confidence, supported by a strong pipeline across each of our offerings.”